Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$2.21B |
| 2 |
Shell
SHEL
|
+$646M |
| 3 |
S&P Global
SPGI
|
+$609M |
| 4 |
Advanced Micro Devices
AMD
|
+$575M |
| 5 |
Thermo Fisher Scientific
TMO
|
+$533M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$2.17B |
| 2 |
Chevron
CVX
|
+$1.22B |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$579M |
| 4 |
XLNX
Xilinx Inc
XLNX
|
+$487M |
| 5 |
Nucor
NUE
|
+$487M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.29% |
| 2 | Financials | 14.66% |
| 3 | Healthcare | 12.85% |
| 4 | Consumer Discretionary | 11.35% |
| 5 | Communication Services | 8.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
AXIS Capital
AXS
$7.62B
| $52.8M | 0.01% |
872,685
+71,626
| +9% | +$3.99M |
|
|
GTM
852
ZoomInfo Technologies
GTM
$1.21B
| $52.7M | 0.01% |
882,391
-336,832
| -28% | -$18.1M |
|
853
Five Below
FIVE
$12.8B
| $52.6M | 0.01% |
332,081
-9,409
| -3% | -$1.57M |
|
854
Organon & Co
OGN
$3.56B
| $52.6M | 0.01% |
1,505,327
-469,611
| -24% | -$16.1M |
|
855
Commercial Metals
CMC
$8.15B
| $52.5M | 0.01% |
1,262,138
+121,092
| +11% | +$4.55M |
|
|
BPMC
856
DELISTED
Blueprint Medicines
BPMC
| $52.3M | 0.01% |
818,457
+12,269
| +2% | +$881K |
|
857
Crane NXT
CXT
$3.13B
| $52.2M | 0.01% |
1,388,208
-100,557
| -7% | -$3.62M |
|
858
DT Midstream
DTM
$13.6B
| $52.2M | 0.01% |
961,943
-14,147
| -1% | -$737K |
|
859
Franklin Resources
BEN
$17.3B
| $52.1M | 0.01% |
1,865,660
+1,132,516
| +154% | +$34.6M |
|
860
MDU Resources
MDU
$4.34B
| $52M | 0.01% |
5,131,518
-179,243
| -3% | -$1.9M |
|
861
Omnicell
OMCL
$1.65B
| $52M | 0.01% |
401,444
+44,853
| +13% | +$6.46M |
|
|
EFOR
862
Everforth Inc
EFOR
$1.29B
| $51.8M | 0.01% |
444,072
+93,156
| +27% | +$10.6M |
|
863
ManpowerGroup
MAN
$2.57B
| $51.8M | 0.01% |
551,594
-5,430
| -1% | -$553K |
|
864
Brookfield Infrastructure
BIPC
$4.87B
| $51.7M | 0.01% |
1,027,592
-22,962
| -2% | -$1.05M |
|
865
Texas Roadhouse
TXRH
$13.7B
| $51.6M | 0.01% |
616,710
+7,337
| +1% | +$628K |
|
|
TMX
866
DELISTED
Terminix Global Holdings, Inc.
TMX
| $51.6M | 0.01% |
1,131,278
-44,000
| -4% | -$1.9M |
|
867
Wintrust Financial
WTFC
$10.7B
| $51.5M | 0.01% |
554,707
| – | – |
|
|
UMPQ
868
DELISTED
Umpqua Holdings Corp
UMPQ
| $51.5M | 0.01% |
2,731,515
+139,076
| +5% | +$2.85M |
|
869
Pan American Silver
PAAS
$20.2B
| $51.5M | 0.01% |
1,885,610
+18,725
| +1% | +$461K |
|
870
Insulet
PODD
$9.66B
| $51.3M | 0.01% |
192,759
-356,980
| -65% | -$87.6M |
|
871
TPG
TPG
$7.78B
| $51.3M | 0.01% |
+1,703,058
| New | +$52.7M |
|
|
ISBC
872
DELISTED
Investors Bancorp, Inc.
ISBC
| $51.1M | 0.01% |
3,424,792
+153,418
| +5% | +$2.51M |
|
873
OneMain Financial
OMF
$7.48B
| $51.1M | 0.01% |
1,077,511
-27,394
| -2% | -$1.37M |
|
|
LTHM
874
DELISTED
Livent Corporation
LTHM
| $50.9M | 0.01% |
1,953,311
+133,556
| +7% | +$3.11M |
|
875
RH
RH
$3.56B
| $50.7M | 0.01% |
155,509
-3,317
| -2% | -$1.33M |
|
Similar funds
Norges Bank's Q1 2022 Portfolio in Review
As of Q1 2022, Norges Bank held 2,291 positions worth $459B, down 5.7% from $486B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q1 2022 filing shows 87 new, 805 increased, 864 reduced and 129 closed positions. Its largest new stake was Shell: 12,168,641 shares worth $668M. The largest sale was Alphabet (Google) Class A, an estimated $2.17B.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q1 2022 buy was Shell: 12,168,641 shares worth $668M.
- Norges Bank added most to Alphabet (Google) Class C in Q1 2022, an estimated $2.21B increase.
- Norges Bank's biggest Q1 2022 reduction was Alphabet (Google) Class A, cutting an estimated $2.17B.
- Norges Bank fully exited IHS Markit Ltd. Common Shares in Q1 2022, selling an estimated $579M.
- Norges Bank's ten largest holdings make up 23% of its $459B portfolio in Q1 2022.
- Norges Bank opened 87 new positions and closed 129 in Q1 2022.
- Norges Bank's portfolio value fell 5.7% quarter-over-quarter to $459B.
Based on Norges Bank's 13F filing for Q1 2022, filed 9 May 2022.